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The $2,500 doco about FTX collapse on Amazon Prime… with help from mom
20.5.2024
Filmmaker Richard Whittaker — and his Mom — examine the collapse of crypto exchange FTX in a micro-budget doco now screening on Amazon Prime
Despite FTX’s Collapse, FTT’s $535M Market Cap Highlights Crypto Absurdity
19.5.2024
Ten days ago, the FTX estate overseeing the bankrupt company’s proceedings informed customers they would receive more than 100% repayment. Following this announcement, the exchange token FTT from the defunct trading platform rose above $2 per unit. Astonishingly, despite being tied to...
Former Alameda Research CEO Sam Trabucco Defends FTX Exec Ryan Salame Ahead Of Sentencing
17.5.2024
Sam Trabucco, the once co-CEO of Alameda Research, has spoken out in support of FTX executive, Ryan Salame, ahead of his sentencing on May 28, an updated court filing reveals. Salame has largely kept out of the spotlight since FTX's collapse and is facing a maximum of 10 years in prison for...
Former Alameda Research Boss Sam Trabucco Reemerges to Defend Ryan Salame Before Sentencing
16.5.2024
Reports indicate that Sam Trabucco, the former co-CEO of the cryptocurrency trading firm Alameda Research, penned a letter to the judge set to sentence Ryan Salame, co-CEO of FTX Digital Markets. Trabucco’s letter emerged amidst numerous inquiries about his whereabouts throughout the ongoing...
Ex-Alameda Research co-CEO calls for ‘fair’ sentencing of Ryan Salame
16.5.2024
Sam Trabucco, who resigned as co-CEO of Alameda Research in August 2022, has largely remained absent from the public eye since the collapse of FTX
FTX repayments could create ‘bullish overhang’ for crypto markets — K33 Research
16.5.2024
“Not all creditor repayments are bearish,” said K33’s analysts, noting FTX's cash payouts versus the crypto repayments from Gemini and Mt. Gox
FTX Gets Backlash Despite Planned Full Repayment Plus Interest
15.5.2024
FTX is planning to repay customers, but the plan is facing a backlash from creditors. The plan involves paying creditors in US dollars based on their account value at the time of FTX's collapse, not the current market value of their crypto holdings. This has caused outrage among creditors who feel t...
Ex-FTX exec Ryan Salame asks for no more than 18 months in prison
15.5.2024
The former FTX Digital Markets co-CEO pleaded guilty to two felonies and was one of the only figures connected with the defunct crypto exchange who didn’t testify at SBF’s trial
Small creditors put at risk by latest FTX bankruptcy development
15.5.2024
The transfer of the bankruptcy claim from FTX EU Ltd. to FTXCREDITOR, LLC, could have significant impact on stakeholders
Bitcoin in April: Halving Price Fallout, Network Peaks and ETF Updates
15.5.2024
In April 2024, Bitcoin faced its sharpest price drop since the FTX collapse, with halving charts in focus, but network activity soared to record highs, driven by new protocols and ETF developments. This report explores and analyzes Bitcoin's ecosystem and the BTC price developments last month.
The...
Post-FTX crypto industry needs education before regulation: Former Biden advisor
15.5.2024
“What I preach for is regulation that protects and prevents but does not cripple and destroy [innovation],” the senior adviser told Cointelegraph
Former FTX Executive Ryan Salame Seeks 18-Month Sentence, Citing Cooperation and Remorse
15.5.2024
Ryan Salame, a former executive at FTX who pleaded guilty to election fraud charges in September, is requesting leniency from the court in the form of an 18-month sentence.
The post Former FTX Executive Ryan Salame Seeks 18-Month Sentence, Citing Cooperation and Remorse appeared first on Cryptonews
Former FTX Exec Ryan Salame Asks for Lenient 18 Months in Prison
15.5.2024
Attorneys for former FTX executive Ryan Salame are asking for 18 months in prison, citing his cooperation with authorities and remorse
Was Sam Bankman-Fried Proven Right About FTX’s Solvency?
10.5.2024
No
Sam Bankman-Fried, Commodities Trader Behind Bars: Former FTX CEO’s Prison Life While Awaiting Appeal
10.5.2024
Sam Bankman-Fried, former FTX CEO, discusses prison life and maintains his innocence after a 25-year fraud sentence.
The post Sam Bankman-Fried, Commodities Trader Behind Bars: Former FTX CEO’s Prison Life While Awaiting Appeal appeared first on Cryptonews
Bankrupt Crypto Lender Blockfi Enlists Coinbase to Distribute Crypto Payouts
10.5.2024
The now-defunct crypto lender Blockfi is officially shutting down the firm’s web portal this month according to an update from the firm. Blockfi said that it has partnered with Coinbase to help facilitate the execution of withdrawals to eligible Blockfi customers. Blockfi Collaborates With Coinbase...
SBF maintains his innocence as he trades rice in jail
10.5.2024
FTX co-founder Sam Bankman-Fried gave his first in-person media interview since being locked up, saying he’s gotten “good at faking” that he’s doing well
Solana drops 5% on new FTX plan, quick rebound to wipe $125M shorts
9.5.2024
If Solana recovers as quickly as it has in recent times approximately $125 million in short positions will be liquidated
Crypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and $11B Bitcoin Distribution Loom
8.5.2024
Investors should brace for waves of fear, uncertainty and doubt – or FUD – over the next few months, a K33 Research analyst said
FTX plan promises 118% cash payout to nearly all creditors
8.5.2024
FTX, the collapsed virtual currency exchange platform, promises to repay 98% of its creditors, with the amount owed improved by 118% within two months after getting the nod from the court. During the meeting on Tuesday, a revised plan was presented, which raises the prospects of financial recovery...